If you're planning on opening a business, banks and investors like to see that degree. It makes them feel safer about handing over large sums of money. If not college, experience with another company, similar to the one that you desire to open, should help. Personally, I don't think it's necessary. There's nothing that can be taught in a classroom that can't be learned in the real world. That's just my opinion though. In the real world, that degree is almost everything.